YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE!
ALTERNATIVE FINANCE VERSUS TRADITIONAL LENDING FOR SMALL AND MEDIUM SIZED BUSINESS SOLUTIONS
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today.
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Business funding needs come with two other ' minor' complications - assessing how much financing you need and, oh yes... where to get it. Let's dig in.
SHORT TERM FUNDING NEEDS VERSUS LONG TERM FINANCING SOLUTIONS
In fact, many types of financing may be totally appropriate for your needs, and it's critical to focus on both immediate needs and long-term needs. When it comes to debt financing and monetizing business assets, the funding search is comparable to what equity seekers go through in their ' rounds ' of capital searching.
BUSINESS ASSETS
Your business needs funds to increase revenue and ensure it has some ' cushion' for unforeseen circumstances. Some firms are much more reliant on the need for new capital assets, placing further capital search strain. Service-oriented firms don't need those assets - but the double-edged sword here is that they have no assets to finance or collateralize.
Sales revenues are key to planning business funding needs. For firms in start-up mode, careful planning has to be done around one-time initial costs and needs. Most entrepreneurs don’t realize that the majority, almost 90%, of original financing for businesses in the SME sector comes from personal sources. Oh yes, and those VCs, sharks and dragons that we read about and see on TV... they fund only a whopping 1-4% of all new businesses.
FUNDING VIA DEBT FINANCING AND ASSET MONETIZATION
Debt financing and asset monetization, done properly, allows the owner/owners to maintain their full ownership. Solutions include business credit lines, equipment financing, working capital loans, etc. If there is any good news about ' debt ' and asset monetization, it’s that it comes in various flavours. Canadian small businesses tend to gravitate toward traditional financial institutions such as traditional chartered banks and credit unions when considering their financing options and small business lending solutions.
LET 7 PARK AVENUE FINANCIAL SHOW YOU THESE CANADIAN BUSINESS FINANCING SOLUTIONS
A/R Financing
Inventory Finance
Working Capital Term Loans
Tax Credit Monetization Financing
Government Guaranteed Business Loans
PO/Contract financing
Sales royalty financing
Asset-based business credit lines - revolving facilities that allow you to borrow against receivables, inventory and equipment
Equipment Leasing/ Sale Leasebacks
Merchant Cash Advance/ Peer lending/business to business loans
CONSIDER THE GOVERNMENT OF CANADA SMALL BUSINESS FINANCING PROGRAM
While certainly not an alternative lender, even the Canadian government wades in with its much sought-after Govt Guaranteed Small business loan, providing financing up to 350k for new and existing businesses and franchises. This is a solid solution for busienss acquistion loans in Canada.
What does the business owner/manager need to know concerning alternative financing and debt and asset monetization? Issues to consider include the amount and timing of your cash flows, qualification issues, collateral and personal guarantees.
ASSESSING THE COST OF FINANCING AND INTEREST RATES
Getting ' reasonable rates ' will always be tied to business financials and asset quality as determined by the business lender. While bank rates are low, they come with restrictions and demands in ratios/covenants and backup collateral when it comes to credit for small businesses respectively.
CONCLUSION
Are you one of the thousands of small businesses and business owners searching for business capital? For proper direction and advice in your business funding needs for small business loans from traditional and alternative lenders, consider seeking assistance from well-known 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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